If You Compound Money, You Will Watch Your Money Grow
So let's say you only have $100.
You're sitting there, staring at that $100 wondering if you should take it to the mall or do something really intelligent with it.
Okay, decision is made.
You have decided to do something intelligent with it.
Here is how you do that: Take it to the bank and deposit it into a savings account.
That savings account should have a 5% to 6% interest rate if that is at all possible.
After you have deposited it, you need to check every month to watch your money grow.
However, you might be disappointed to find that your money grows quite slow with that amount.
So you know what you need to do? You need to take $100 to the bank the following month.
Keep growing this money.
Then again, you may decide that you want to invest your money in a business endeavor.
Now this is the true definition of compounding your money.
You can take your cash, invest in your business endeavor, make a profit, and then take that profit to re-invest back into the business.
When you do this, you have no more into it than the initial amount that you put in.
What is happening here is that you are compounding your money; therefore it is growing before your eyes.
Those are just two ways to compound your money, so think of some ways in which you can do just that.
Use your imagination.
As you watch your money grow, you'll be very glad that you did.
You're sitting there, staring at that $100 wondering if you should take it to the mall or do something really intelligent with it.
Okay, decision is made.
You have decided to do something intelligent with it.
Here is how you do that: Take it to the bank and deposit it into a savings account.
That savings account should have a 5% to 6% interest rate if that is at all possible.
After you have deposited it, you need to check every month to watch your money grow.
However, you might be disappointed to find that your money grows quite slow with that amount.
So you know what you need to do? You need to take $100 to the bank the following month.
Keep growing this money.
Then again, you may decide that you want to invest your money in a business endeavor.
Now this is the true definition of compounding your money.
You can take your cash, invest in your business endeavor, make a profit, and then take that profit to re-invest back into the business.
When you do this, you have no more into it than the initial amount that you put in.
What is happening here is that you are compounding your money; therefore it is growing before your eyes.
Those are just two ways to compound your money, so think of some ways in which you can do just that.
Use your imagination.
As you watch your money grow, you'll be very glad that you did.